Performance shown is historical and is not indicative of future returns. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance shown is as of date indicated, and current performance may be lower or higher than the performance data quoted. To obtain performance as of the most recent month end, please call 800-967-9009 or visit www.americanbeaconfunds.com.

* Not Annualized

RISKS ASSOCIATED WITH THE FUNDS:

Credit Risk (applies to Balanced and High Yield Bond Funds): Credit risk is the risk that the issuer of a bond will fail to make timely payment of interest or principal; and the decline in an issuer's credit rating can cause the price of its bonds to go down.

Interest Rate Risk (applies to Balanced and High Yield Bond Funds): Investing in fixed-income securities entails interest rate risk, which is the risk that fixed-income securities will decrease in value with increases in market interest rates.

Emerging Markets Risk (applies to Emerging Markets Fund): The risks of investing in foreign equities are heightened when investing in emerging markets.

Foreign Securities Risk (applies to Balanced, Emerging Markets, High Yield Bond, International Equity, Large Cap Value, Mid-Cap Value and Small Cap Value Funds): Investing in foreign securities entails additional risk not associated with domestic securities, such as currency fluctuations, economic and political instability and differences in accounting standards.

Futures Risk (applies to Balanced, Emerging Markets, International Equity, Large Cap Value, Mid-Cap Value and Small Cap Value Funds): The Fund may invest in futures contracts, which are a type of derivative investment. Investing in derivatives could result in losing more than the amount invested.

High Yield Risk (applies to the High Yield Bond Fund): Investing in high yield securities involves additional risks when compared to investing in investment-grade securities. These include a greater risk of default or bankruptcy and an increased sensitivity to financial difficulties or changes in interest rates.

Securities Lending Risk (applies to International Equity and Small Cap Value Funds): The Fund may participate in a securities lending program.

Small and Mid-Capitalization Risk (applies to Balanced, High Yield Bond, Mid-Cap Value and Small Cap Value Funds): The Fund invests in small and/or mid-sized companies, which involves additional risks such as limited liquidity and greater volatility than larger companies.

Value Risk (applies to Balanced, International Equity, Large Cap Value, Mid-Cap Value and Small Cap Value Funds): The intrinsic value of stocks selected for the Fund may never be realized by the market, and the prices of value stocks may go down. While investing in value stocks may limit downside risk over time, the Fund may produce more modest gains than riskier stock funds as a trade-off for this potentially lower risk.

Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of the Fund(s) will be met.

For any Class of the Fund that began operating within the 10-year/since inception period shown, the performance shown prior to the inception date of the Class is that of a class (or series of classes) previously in operation. The combined returns have not been adjusted for any difference between the fees and expenses of the Class and the historical fees and expenses of the included previous class (or classes). If the previous class(es) had lower expenses, the resulting performance would be better than the Class would have realized during the same period. If the previous class(es) had higher expenses, the resulting performance would be lower than the Class would have realized during the same period. Specific information about any Fund may be found at americanbeaconfunds.com or in the prospectus.